Flagler WPB LLC is the buyer. Philip Pilevsky of New York-based Philips International is listed on the company’s corporate records.

The building was built in 1972 and totals 18,900 square feet. George Usha, a medical doctor based in Valley Stream, is listed on the seller’s corporate records.

“This property was recently renovated and is a well-situated waterfront building with a deeded dock space for additional rental income,” Kripalani said in a statement. “The building has a strong occupancy and rent growth fundamentals in the immediate and surrounding submarkets, making it an attractive investment opportunity.”

The building last sold for $3.35 million in August 2013, according to Palm Beach County property records.